Trade Fair: Abuja Chamber Targets 150 Foreign Companies | Independent Newspapers Limited
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Trade Fair: Abuja Chamber Targets 150 Foreign Companies

Posted: May 17, 2015 at 10:25 am   /   by   /   comments (0)

By Chibuzor Emejor  –  Abuja

 

Abuja Chamber of Commerce and Industry (ABUCCI), is targeting 150 foreign companies to participate in the 2015 International Trade Fair slated for September 18 to October 2 in Abuja.

The President of ABUCCI, Tony Ejinkeonye, who disclosed this at a media parley in Abuja, also said the Chamber had put in place mechanism to shore up its revenue base to N2.3billion during the trade fair through business facilitation with both local and foreign investors.

He said the last year’s revenue base of all the exhibitors and the value for the Memorandum of Understanding [MoU] signed was put at N1.5 billion

The theme of this year’s trade fair which is “Entrepreneurship as a Panacea for Economic Growth’’, he explained, is expected to throw up proper networking of various businesses and create an avenue for further steps such as closing up of business deals and signing of memorandum of understanding among various parties.

He said that the Chamber would be riding on the improved security situation in the country to bring businesses together in its bid to diversify the country’ revenue base and create opportunities for the youths.

He also pointed out that the Fair would target the promotion and growth of industry and concentrate on the promotion of non-oil exports.

He stated that the fair was expected to see more participants due largely to the nation’s improved security conditions in addition to the recorded feat in the nation’s fight against the dreaded Ebola virus, which he stated has affected last year’s fair.

“For this year’s exhibition, we are expected to have up to 150 foreign exhibitors because of the peaceful atmosphere we have in the country, unlike the previous year, when we have 65 foreign exhibitors only, and our 2000 local participants.“

He explained that the 2014 edition attracted more than 55 companies, including foreign firms from Egypt, Taiwan, Ghana, Senegal, Niger, Benin, Philippines, Kenya, and Zimbabwe.

Ejinkeonye said that the chamber would strive to ensure that the fair recorded better successes than the previous editions.

He said that the ABUCCI 10th trade fair would help to promote accelerated development of commerce and industry in the country.

He urged the Federal Government to provide adequate facilities that would attract both local and foreign investors to invest in the country.

Also speaking, the First Deputy President of the Chamber, Adetokunbo Kayode, revealed that more businesses would have opportunities for proper networking as the chamber has prepared the ground for effective collaboration targeted at business facilitation of various businesses.

He added that various Government agencies with outstanding research findings would also be exhibiting such findings for the business community to advance its commercialisation.